Allspring Global Investments Holdings LLC Sells 41,362 Shares of PepsiCo, Inc. $PEP

Allspring Global Investments Holdings LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 25.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,576 shares of the company’s stock after selling 41,362 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in PepsiCo were worth $18,647,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Swiss Life Asset Management Ltd lifted its position in PepsiCo by 11.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock valued at $59,600,000 after acquiring an additional 42,335 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. increased its holdings in shares of PepsiCo by 622.3% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company’s stock worth $5,110,000 after purchasing an additional 30,674 shares in the last quarter. Allstate Corp raised its stake in shares of PepsiCo by 108.1% in the fourth quarter. Allstate Corp now owns 104,723 shares of the company’s stock worth $15,030,000 after purchasing an additional 54,405 shares during the last quarter. National Pension Service lifted its holdings in shares of PepsiCo by 2.5% during the fourth quarter. National Pension Service now owns 3,143,939 shares of the company’s stock valued at $451,218,000 after purchasing an additional 77,051 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC lifted its holdings in shares of PepsiCo by 90.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 94,652 shares of the company’s stock valued at $13,584,000 after purchasing an additional 44,824 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.3%

Shares of NASDAQ:PEP opened at $135.00 on Wednesday. The stock’s 50-day simple moving average is $142.91 and its two-hundred day simple moving average is $151.14. The stock has a market capitalization of $184.26 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.97 and a beta of 0.36. PepsiCo, Inc. has a 52-week low of $133.95 and a 52-week high of $171.48. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.19 by $0.01. The firm had revenue of $24.18 billion during the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Analysts expect that PepsiCo, Inc. will post 8.58 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo’s dividend payout ratio is currently 77.59%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PEP shares. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $178.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, July 1st. HSBC upped their target price on shares of PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Sanford C. Bernstein set a $134.00 price target on shares of PepsiCo in a research note on Friday, July 10th. Rothschild & Co Redburn boosted their price objective on shares of PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Finally, Barclays increased their price objective on shares of PepsiCo from $138.00 to $142.00 and gave the company an “equal weight” rating in a research report on Tuesday. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $157.90.

About PepsiCo

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.